Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR
Sun Life Financial announced it will not redeem its Series 10R or Series 11QR preferred shares on September 30, 2026, triggering conversion rights for holders. Shareholders may convert their holdings on a one-for-one basis between the two series, provided minimum outstanding share thresholds are met.
Key figures
- Assets under management
- $1.70 trillion
- Series 10r redemption price
- 25
- Minimum shares outstanding threshold
- 1000000
- Series 11qr redemption price scheduled
- 25
- Series 11qr redemption price non scheduled
- 25.5
AI analysis
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